Essential Economics for Politicians

Tariffs Hurt Trump's Supporters Especially

Unfortunately for Americans, we are also victims of Trump’s so-called trade war. Toying with trade barriers puts significance sectors of the American economy and workforce at risk, especially among those who trusted Trump the most. If the president wishes to win a victory for the American people, he should repeal his new tariffs immediately.

the three largest American automotive manufacturers, General Motors, Ford, and Fiat Chrysler, all of whom have their headquarters in Detroit, told the Trump Administration that his tariffs would put them at a competitive disadvantage.

Trump promised blue-collar voters his “America first” mantra would empower them, and they bought into it. But the steel and aluminum tariffs do not look out for the hardworking American, and in his economic obstinance, Trump has betrayed the people who placed the most trust in him.

https://fee.org/articles/tariffs-hurt-trumps-supporters-especially/
 
Booter said:
Tariffs Hurt Trump's Supporters Especially

Unfortunately for Americans, we are also victims of Trump’s so-called trade war. Toying with trade barriers puts significance sectors of the American economy and workforce at risk, especially among those who trusted Trump the most. If the president wishes to win a victory for the American people, he should repeal his new tariffs immediately.

the three largest American automotive manufacturers, General Motors, Ford, and Fiat Chrysler, all of whom have their headquarters in Detroit, told the Trump Administration that his tariffs would put them at a competitive disadvantage.

Trump promised blue-collar voters his “America first” mantra would empower them, and they bought into it. But the steel and aluminum tariffs do not look out for the hardworking American, and in his economic obstinance, Trump has betrayed the people who placed the most trust in him.

https://fee.org/articles/tariffs-hurt-trumps-supporters-especially/
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Why wouldn't you want the USA to get it's fair share?
 
Isn't Ohio John Kasich territory....Hmmmm.
Didn't he state that he balanced the State budget....Hmmmm.
Did he do that with Illegals....?

Gov John Kasich is the biggest hypocrite aside from all the other
Rhino's and Democrats and Crooks and Thieves and.......Poor John.
 
Offshore finance serves several purposes, the most salient of which is the efficient allocation of capital. Some of this activity is tax-related, aimed at raising after-tax investment returns. If it were not for offshore jurisdictions, much foreign investment would be vulnerable to double or triple taxation. Because, under such punitive rates of tax, some of this investment would not take place, the existence of offshore centres has real positive effects on economic activity alongside the (plausibly) negative impact on the tax revenue of individual countries. These welfare gains have been amply documented… Beyond their impact on aggregate investment, research shows that the existence of an OFC is associated with better economic outcomes in neighbouring countries. Contrary to the popular narrative, these jurisdictions are well-governed and peaceful. Who, after all, would wish to use intermediaries in places where investors were regularly expropriated or harassed? …It is difficult to imagine the process of globalisation that has taken place over the last fifty years, bringing hundreds of millions of people out of poverty, happening without the robust financial and legal framework which offshore jurisdictions provide for investment. It would be counterproductive, for both the developing and the rich world, to undermine their essential functions. …Clamping down on offshore centres…would make societies less productive and prosperous, and this effect would compound over time.-- Diego Zuluaga
 
The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that's likely to intensify over the next few weeks.
 
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